W&T Offshore Inc (NYSE: WTI) director sells 60,000 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
W&T Offshore director Daniel O. Conwill IV reported an open-market sale of 60,000 shares of common stock on 2026-07-16 at $3.41 per share. According to the disclosure, the shares were sold to pay taxes upon the vesting of restricted stock units. Following this transaction, he holds 191,076 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 60,000 shares ($204,600)
Net Sell
1 txn
Insider
Conwill Daniel O. IV
Role
Director
Sold
60,000 shs ($205K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 60,000 | $3.41 | $205K |
Holdings After Transaction:
Common Stock — 191,076 shares (Direct)
Footnotes (1)
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Key Figures
Shares sold: 60,000 shares
Sale price per share: $3.41
Shares held after transaction: 191,076 shares
+1 more
4 metrics
Shares sold
60,000 shares
Open-market sale of common stock on 2026-07-16
Sale price per share
$3.41
Average price for the 60,000-share sale
Shares held after transaction
191,076 shares
Director’s direct holdings following the sale
Net shares sold
60,000 shares
Net-sell direction reported in transaction summary
Key Terms
open-market sale, restricted stock units, direct ownership
3 terms
open-market sale financial
"The transaction was an open-market sale at $3.41 per share"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
restricted stock units financial
"sold to pay taxes upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
direct ownership financial
"post-transaction balance reflects his remaining direct ownership"
FAQ
What insider transaction did W&T Offshore (WTI) disclose for Daniel O. Conwill IV?
W&T Offshore reported that director Daniel O. Conwill IV sold 60,000 common shares on 2026-07-16. The transaction was an open-market sale at $3.41 per share, carried out to cover tax obligations from vested restricted stock units.
Was the W&T Offshore (WTI) transaction a buy or a sell by the director?
The transaction was a sale. Daniel O. Conwill IV executed an open-market sale of 60,000 shares at $3.41 each. The accompanying footnote explains that this disposition was conducted to satisfy tax liabilities from the vesting of restricted stock units.